Veolia agrees to acquire Kurion

February 04, 2016

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Kurion, the company credited for stabilizing Japan's Fukushima Daiichi nuclear power plant after the 2011 tsunami, has entered an agreement to be acquired by Veolia for $350 million on a cash-free basis. The acquisition will complete a critical part of Veolia's strategy in the nuclear cleanup sector outlined when the company signed a collaboration agreement with the French Alternative Energies and Atomic Energy Commission. Kurion had been backed by VC investors including Lux Capital.